The Commercial Aviation Market is segmented by Sub Aircraft Type (Freighter Aircraft, Passenger Aircraft) and by Region (Asia-Pacific, Europe, Middle East and Africa, North America, South America). Key Data Points observed include air passenger traffic, air transport freight, defense spending, military aircraft active fleet, revenue passenger kilometers, high-net worth individuals, and inflation rate.

The North America Commercial Aviation Market is segmented by Sub Aircraft Type (Freighter Aircraft, Passenger Aircraft) and by Country (Canada, Mexico, United States). Key Data Points observed include air passenger traffic, air transport freight, defense spending, military aircraft active fleet, revenue passenger kilometers, high-net worth individuals, and inflation rate.

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Used Aircraft Market Size 2025-2029

The used aircraft market size is forecast to increase by USD 1.82 billion at a CAGR of 7.6% between 2024 and 2029.

The market is experiencing significant growth due to several key trends. The rise of low-cost carriers is driving demand for used aircraft, particularly in emerging economies. Additionally, increasing demand from developing countries is contributing to market expansion. However, the market faces challenges, including the high cost of maintenance and operation for used aircraft. These factors are shaping the dynamics of the market, making it an intriguing space for investors and industry players alike. The market is a dynamic and complex sector within commercial aviation, involving various stakeholders such as aircraft brokers, leasing organizations, individual buyers, sellers, and both commercial operators and private citizens. The integration of AI, data analytics, and advanced technologies in aircraft systems, including engine control devices, flight management systems, and power distribution, is shaping the future of commercial aviation.
Furthermore, the growth In the number of low-cost carriers is leading to increased demand for used aircraft, particularly in developing countries. This trend is expected to continue, as these carriers seek to expand their fleets while keeping costs low. At the same time, the high cost of maintaining and operating used aircraft remains a significant challenge for market participants. Despite these challenges, the market is poised for growth, driven by increasing demand and innovative solutions to address the cost challenges.

What will be the Size of the Used Aircraft Market During the Forecast Period?

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This market encompasses a diverse range of aircraft types, including regional jets, airlines' fleets, and cargo aircraft In the form of freighters. Fuel efficiency and passenger traffic are key drivers In the market, with e-commerce and tourism contributing significantly to increased flight activity. Airline cash flows and economic conditions also play a significant role in shaping the market, influencing both aircraft orders and deliveries. Engine technology and system integrators continue to innovate, offering more fuel-efficient options and extended ranges for commercial aircraft.
Furthermore, commercial aviation's continued growth is further fueled by cross-border travelers and the increasing demand for air passenger traffic. Used aircraft are often sourced from original equipment manufacturers (OEMs) through various channels, including direct sales, brokers, and leasing organizations. The market's diversity and constant evolution make it an intriguing and exciting space for all involved, from individual buyers to large commercial operators.

How is this Used Aircraft Industry segmented and which is the largest segment?

The used aircraft industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  0-15 years
  16-30 years
  More than 30 years


Application

  Civil aviation
  Military aviation
  Others


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Italy


  APAC

    China
    Japan
    South Korea


  Middle East and Africa



  South America

By Product Insights

The 0-15 years segment is estimated to witness significant growth during the forecast period.

The market, encompassing aircraft aged 0 to 15 years, is poised for significant expansion during the forecast period. Economic growth in developing nations, particularly India and China, driven by industrialization, fuels this segment's growth. Demand for private jets and regional passenger aircraft is high In these regions, bolstering market growth. Aircraft aged between six and ten years are most frequently available for purchase within this age group. Initial buyers typically retain their aircraft for several years due to minimal maintenance costs, leading to fewer sales during the early years. Commercial operators, including airlines, leasing organizations, individual buyers, sellers, private citizens, and businesses In the passenger, cargo, and freight sectors, are key market participants. Fuel-efficient options, passenger traffic, e-commerce, and tourism are significant factors influencing market trends. Engine technology, system integrators, and commercial aviation regulations also play crucial roles. Aircraft maintenance, aviation industry growth, and economic conditions further impact market dynamics.

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The 0-15 years segment was valued at USD 1.47 billion in 2019 and showed a gradual increase during the f

In 2021, the electric aircraft market size worldwide almost reached 50 million U.S. dollars, a twofold increase compared to the previous year. This market is expected to grow exponentially to reach approximately 6.6 billion U.S. dollars by 2026.

The global aircraft manufacturing market was valued at USD 413.51 billion in 2021 and is expected to grow at a CAGR of 3.7% during the forecast period.

In 2021, the hydrogen aircraft market worldwide reached a revenue of 189.1 million U.S. dollars. Forecasts expect the market to experience an upward trend, reaching approximately 1.7 billion U.S. dollars in revenue by 2030.

The global autonomous aircraft market size was valued at USD 11.67 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 48.34 Billion by 2033, exhibiting a CAGR of 16.25% from 2025-2033. North America currently dominates the market, holding a market share of over 38.2% in 2024. The growing safety concerns regarding pilots being exposed to hazardous and dangerous environments, the rising need for more efficient and cost-effective operations in the aerospace and defense industry, and the augmenting demand for unmanned aerial vehicles (UAVs) in a wide range of end-use applications represent some of the key factors driving the market expansion.

IMARC Group provides an analysis of the key trends in each segment of the global autonomous aircraft market, along with forecast at the global, regional, and country levels from 2025-2033. The market has been categorized based on component, technology, aircraft type, and end use.

The global more electric aircraft market size was valued at USD 2.45 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 7.8 Billion by 2033, exhibiting a CAGR of 13.7% from 2025-2033. North America currently dominates the market, holding a market share of over 33.5% in 2024. These growth drivers stem from increasing consciousness for sustainability by promoting ecofriendly aircraft, high pressure of strict environmental regulations from countries for an increased green aircraft option, and technology development or uptake in electrical aviation.

IMARC Group provides an analysis of the key trends in each segment of the global more electric aircraft market, along with forecast at the global, regional, and country levels from 2025-2033. The market has been categorized based on application, technology, and aircraft type.

According to Cognitive Market Research, the global Special Mission Aircraft market size will be USD 10254.6 million in 2024. It will expand at the compound annual growth rate (CAGR) of 2.50% from 2024 to 2031. North America held the major market share for more than 40% of the global revenue with a market size of USD 4101.84 million in 2024 and will rise at the compound annual growth rate (CAGR) of 0.7% from 2024 to 2031. Europe accounted for a market share of over 30% of the global revenue with a market size of USD 3076.38 million. Asia Pacific held a market share of around 23% of global revenue with the market size of USD 2358.56 million in 2024 and will rise at the compound annual growth rate (CAGR) of 4.5% from 2024 to 2031. Latin America had a market share of more than 5% of global revenue with the market size of USD 512.73 million in the year 2024 and will rise at a compound annual growth rate (CAGR) of 1.9% from 2024 to 2031. Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 205.09 million in 2024 and will rise at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031. The Intelligence, Surveillance, and Reconnaissance (ISR) held the highest Special Mission Aircraft market revenue share in 2024. Market Dynamics of Special Mission Aircraft Market Key Drivers for Special Mission Aircraft Market Rising Geopolitical Tensions and Defense Modernization to Increase the Demand Globally The increasing geopolitical tensions and security threats globally are key drivers for the Special Mission Aircraft market. Nations are investing largely in modernizing their defense capabilities to ensure national security and maintain strategic superiority. Special Mission Aircraft, equipped for surveillance, reconnaissance, and intelligence-gathering missions, are critical assets in defense arsenals. Governments are prioritizing the acquisition of these aircraft to enhance border surveillance, counter-terrorism operations, and maritime patrol. The need for advanced capabilities like electronic warfare, signal intelligence, and airborne early warning systems further accelerates the demand for specialized mission aircraft. Technological Advancements and Integration of Advanced Systems to Propel Market Growth The integration of cutting-edge technologies and advanced systems into Special Mission Aircraft is another significant market driver. Innovations in sensors, radar systems, communication technologies, and artificial intelligence have enhanced the operational capabilities of these aircraft, making them indispensable for modern military and civilian missions. Growing demand for the unmanned aerial vehicles (UAVs) in special missions also contributes to market growth. Moreover, the ability of these aircraft to perform multi-role missions—such as search and rescue, environmental monitoring, and disaster relief—expands their utility beyond traditional defense applications, driving further demand in both defense and non-defense sectors. Restraint Factor for the Special Mission Aircraft Market The High Acquisition and Operational Costs to Limit the Sales Special Mission Aircraft are often highly customized, integrating advanced technologies such as surveillance, reconnaissance, and electronic warfare systems, which significantly elevate their cost compared to standard aircraft. The expense is not limited to initial purchase; operational and maintenance costs are also substantial, requiring specialized personnel and infrastructure. Additionally, budget constraints in many countries, especially in the face of competing defense and civilian needs, limit the procurement of such aircraft. Economic uncertainties and changing defense priorities can further delay or reduce investments in this market, making it a challenging environment for manufacturers and operators to sustain growth. Impact of Covid-19 on the Special Mission Aircraft Market The COVID-19 pandemic significantly impacted the Special Mission Aircraft market, leading to delays in production and delivery due to supply chain disruptions and workforce shortages. Many governments redirected defense budgets to address the health crisis, resulting in reduced spending on new aircraft and upgrades. Additionally, travel restrictions and lockdowns limited the ability to conduct testing and training, further delaying projects. However, the pandemic also highlighted the importance of rapid response and surveillanc...

Explore the Commercial Aircraft Market trends! Covers key players, growth rate 4.5% CAGR, market size $264.36 Billion, and forecasts to 2034. Get insights now!

In 2021, the global military aircraft and aerospace manufacturing market was estimated at approximately 255.8 billion U.S. dollars. The leading companies in this market include Boeing, Lockheed, and Northrop Grumman.

The global general aviation market size was valued at USD 26.8 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 34.9 Billion by 2033, exhibiting a CAGR of 2.98% from 2025-2033. North America currently dominates the market. The market is primarily driven by continuous advancements in battery technology, which reduce operating costs, the growth of urban air mobility solutions through eVTOL aircraft and autonomous flight technology, and substantial investments in aviation infrastructure to enhance capacity and safety, supporting rising air traffic.

IMARC Group provides an analysis of the key trends in each segment of the global general aviation market, along with forecast at the global, regional, and country levels from 2025-2033. The market has been categorized based on product and application.

In 2025, the market for in-flight entertainment and connectivity in narrowbody aircraft in the United States is expected to be worth 1.64 billion U.S. dollars. In-flight entertainment and connectivity (IFEC) market in North America Most of the air passengers are willing to have some entertainment or especially connectivity services on-board. As the technological revolution advances, airlines are nowadays able to offer internet connection services in addition to in-flight entertainment services. Although this market has not reached its apex yet, it is forecasted that the IFEC market could grow continuously in the upcoming years. The IFEC revenue share in the Americas will account for almost 40 percent by 2023. In 2018, the in-flight connectivity market size in North America was roughly 1.7 billion U.S. dollars. Over the upcoming years, this market in North America is expected to experience a steady growth path, reaching over 3.2 billion U.S. dollars in size. Across the North American region, there are several companies providing these specialized services for the air transportation industry, such as Gogo, Viasat and Panasonic. Gogo Inflight Internet Founded in 1991, the Gogo company was founded as a firm to provide in-flight phone services and over time shifted its focus to a new possibility, namely making the internet accessible to air passengers wherever they are. Nowadays, Gogo is a Chicago-based aviation technology company that paves the way for an advanced inflight internet service for the aviation industry. During the recent six years, the company more than doubled its revenue stream, generating over 835 million U.S. dollars in 2019. The company generates most of its revenue from commercial aviation services in North America. As the need for internet connectivity increases, we could expect in-flight connectivity market to do as well.

The US Aviation Market is segmented by Aircraft Type (Commercial Aviation, General Aviation, Military Aviation). Key Data Points observed include air passenger traffic, air transport freight, defense spending, military aircraft active fleet, revenue passenger kilometers, high-net worth individuals, and inflation rate.

The global glider aircraft market size was valued at USD 4,249.82 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 9,508.17 Million by 2033, exhibiting a CAGR of 8.89% during 2025-2033. Europe currently dominates the market, holding a significant market share of 38.7% in 2024. The rising product demand from the military sector and the surging demand of gliding as a recreational sport is propelling market growth. Besides this, glider aircraft market share is also driven by growing demand for sustainable aviation.

IMARC Group provides an analysis of the key trends in each segment of the global glider aircraft market, along with forecasts at the global, regional and country levels from 2025-2033. Our report has categorized the market based on type, propulsion, and application.

The Military Aviation Market is segmented by Sub Aircraft Type (Fixed-Wing Aircraft, Rotorcraft) and by Region (Asia-Pacific, Europe, Middle East and Africa, North America, South America). Key Data Points observed include air passenger traffic, air transport freight, defense spending, military aircraft active fleet, revenue passenger kilometers, high-net worth individuals, and inflation rate.

Connected Aircraft Market accounted for US$ 22.82 Billion in 2032 and is expected to grow at a CAGR of 12.6% over the forecast period 2024-2032

In 2019, Boeing's worldwide revenue amounted to about 76.6 billion U.S. dollars. Leading aircraft manufacturers and suppliers Aircraft manufacturing can be divided into a commercial and a defense segment. While military aircraft manufacturing is likely to see a decline in revenue in the near future, commercial aircraft production is forecast to further expand its market size. Growth is projected to be largely driven by orders from commercial airlines that are keen to meet increased passenger travel demand. The rising number of commercial airline passengers is closely intertwined with the growing affluence in emerging markets.

Although Japan's Mitsubishi Heavy Industries has entered the market, there are essentially four major jet manufacturers - including Canada-based Bombardier and Brazil-based Embraer (Empresa Brasileira de Aeronáutica) - albeit, for many years, the commercial jet aviation market has been a de facto duopoly between the European aircraft maker Airbus and the US aircraft builder Boeing. These two companies share between them about 65 percent of the world airliner fleet.

The defense segment is expected to face military budget reductions in mature markets that will only partially be offset by increased military spending in the Middle East, Russia and China. The global leading defense manufacturers include Boeing, Lockheed Martin, EADS/Airbus and Northrop Grumman.

In the area of engines and parts manufacturing, there is great competition between a number of companies, often conglomerates that are active in a variety of industries. CFM International and General Electric and the UK’s Rolls Royce Group, a company that should not be confused with the wholly BMW-owned automobile marque, are among the largest suppliers of engines for aircraft.

In 2019, the global aircraft engine market size stood at almost 80 billion U.S. dollars. This figure is anticipated to reach over 85.4 billion U.S. dollars by 2027 due to the increase in air travel.

The Latin America Commercial Aircraft Market Report is Segmented by Application (Passenger Aircraft and Freighters), and Geography (Brazil, Mexico, Argentina, and the Rest of Latin America). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).